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NENT confirms no FY profitable growth as Q1 ad sales drop 13%

2020-04-23 09:55:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment (NENT) has formally withdrawn its outlook for profitable growth in 2020 as it announced a 2 percent drop in first quarter net sales in organic terms, with advertising revenues dropping 13 percent drop in Q1 and 25 percent in April. NENT gained 102,000 Viaplay subscribers since Q4 and it is now targeting some 400,000 net new streaming subscribers for the full year. It is planning geographical expansion for Viaplay in 2021.

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